DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/v3kbl8/computeraided) has announced the addition of the "Computer-aided Design Market in Australia 2011-2015" report to their offering.
TechNavio's analysts forecast the Computer-aided Design market in Australia to grow at a CAGR of 8.5 percent over the period 2011-2015. One of the key factors contributing to this market growth is the need to enhance the quality of the product. The Computer-aided Design market in Australia has also been witnessing the increasing demand of 3D CAD software. However, the availability of pirated CAD software could pose a challenge to the growth of this market.
Key vendors dominating this market space include Autodesk Inc., Dassault Systèmes SA, Parametric Technology Corp., Siemens PLM Software Inc.
Other vendors mentioned in the report: Bentley Systems Inc., Aveva Group plc., Alibre Inc.
Commenting on the report, an analyst from TechNavio's Engineering team said: ''In order to improve product quality, several industries such as the Die Mold and Part Manufacturing (DM/PM), Automotive, Machine Tools, Construction, and Plant Designing industries have started to adopt 3D Computer-aided Design (CAD) software. This is because 3D CAD software offers a better interface and it has powerful design capabilities which help in smarter and faster product development. It helps drafters visualize the product from all angles. Hence, in order to improve the overall quality of the products and to better incorporate them with the desired functionalities at minimal cost, many industries are increasingly adopting 3D CAD software.
According to the report, the need to develop superior products with quality designs is one of the key drivers of the growth of the CAD market in Australia. CAD software is being used in many industries such as Automotive, Aerospace and Manufacturing. The software offers numerous features and functionalities to help the drafter do a proper engineering analysis of a proposed product. In addition, CAD software offers greater accuracy, which helps develop better designs by reducing the margin for error significantly. Better designs help manufacturers speed up the manufacturing process and reduce wastage.
For more information visit http://www.researchandmarkets.com/research/v3kbl8/computeraided
Source: Research and Markets